The company, which is bidding for 16 road projects worth Rs 10,000 crore (Rs 100 billion) this year from the National Highways Authority of India under the public-private-partnership model, intends to invest the money in the form of equity to set up special purpose vehicles to execute new road projects.
The National Highways Authority of India has decided to slow down the process of awarding contracts for new highway projects. This would further delay the process of modernisation and expansion of the national highways by a few months.
The government needs about Rs 3.31 lakh crore (Rs 3.31 trillion) to meet its target of developing 35,000 kms of national highways over the next five years.
After failing to get bids for over half of its highway projects last year, the National Highways Authority of India (NHAI) has decided to put up 19 highway projects worth Rs 23,805 crore for rebidding next month through a new short-listing process.
Indian Railways and the National Highways Authority of India alone would account for over 90 per cent of the total equity investment by the Centre. The government would pump in Rs 14,600 crore in the Railways to part-finance the Plan investment of Rs 39,545 crore. More than half of the investment of Rs 13,646 crore for NHAI would also come from the government equity at Rs 8,578 crore.
Uday Chaudhary, one of the three accused in the murder of National Highway Authority of India engineer Satyendra Dubey, escaped on Monday from the Patna civil court premises when he slid his oversized handcuffs off and escaped.
Inadequate funding and non-viability of some projects have forced several leading infrastructure development firms to stay out of bidding for over 13 highway projects worth over Rs 12,500 crore (Rs 125 billion).
As even bigger road construction players are not willing to bet on BOT projects., NHAI will have to rethink its thrust on the BOT model.
The time taken in land acquisition has been drastically brought down to 12 months from 24 months earlier.
Highways regulator the National Highways Authority of India (NHAI) has exceeded its toll revenue target in the fiscal 2008-09, collecting taxes to the tune of Rs 1,702 crore (Rs 17.02 billion).
The assault on the engineer came days after a Bharatiya Janata Party legislator assaulted an official with a cricket bat in Madhya Pradesh.
The National Highways Authority of India will this year witness the highest ever growth out of the last decade. But Gadkari himself admits his biggest failure as India's roads minister has been his inability to curb loss of life in road accidents.
In the video clip that has gone viral on the social media, Rane and Kankavli Municipal Council president Samir Nalawade are purportedly seen tying Deputy Engineer Prakash Khedekar of the National Highways Authority of India to the railing of a bridge and pouring buckets of mud on him.
Dhanajay said it was not just his family but hundreds across the country who questioned CBI's probe into Satyendra's murder.
It seeks an inquiry commission to probe who leaked the name of the NHAI official, which seemingly led to his murder.
Anil Dhirubhai Ambani Group company Reliance Energy Ltd on Thursday announced it has bagged three road projects valued at Rs 2,320 crore (Rs 23.2 billion) from National Highways Authority of India.
100-day agenda: Commerce ministry pushes for separate logistics department
After twice revising its deadline from the original December 2004 to the latest December 2006, the National Highway Authority of India (NHAI) officials say that till date it is only 94.4 per cent complete.
The prime minister's committee on infrastructure has finalised a proposal for restructuring the National Highway Authority of India.
On his third death anniversary, even the probe into his murder has not progressed.
A webportal has been launched with information concerning toll plazas on national highways and expressways
The National Highways Authority of India (NHAI) has been under attack for delays in completion of its road projects as well as for poor corridor management.
The detained person has been identified as Pradeep Kumar, a rickshaw puller.
The engineer's murder is being linked to his letter to the PMO regarding improper utilisation of funds and the sub-standard quality of work in the Golden Quadrilateral Project.
The project, anchored by National Highways Authority of India in partnership with National Payments Corporation of India, is gaining momentum, with big banks such as ICICI and non-bank entities like Paytm have also entered the arena.
Proposals have been received for preparing the project report for the 600-km Delhi-Katra Expressway
The charges were framed against Mantu Kumar, Uday Kumar, Pinku Ravidas and Shravan Kumar under sections of Indian penal Code and Arms Act by Additional district and sessions judge J M Sharma.
In what could be a shot in the arm for the National Highway Development Programme, the National Highway Authority of India is all set to receive a windfall of Rs 471 crore
CBI Director Umashanker Mishra visited Gaya to review the situation in view of the FIRs his team is facing in connection with the suicides.
The bench comprising Chief Justice Ravi S Dhavan and Justice Shashank Kumar Singh was hearing a PIL filed by an advocate, M P Gupta, alleging that the future of the Golden Quadrilateral Project was in danger.
The NHAI project director and a retired army brigadier, who was running a consultancy service for NHAI, had been named by murdered NHAI engineer Satyendra Dubey in a letter alleging large-scale bungling in highway construction projects.
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